The National Institute for Lifelong Education (Acting President Shim Sim-sik) and the Senior Financial Education Council (Secretary General Oh Young-hwan) announced on September 24 that they signed a memorandum of understanding (MOU) to improve digital financial accessibility and expand financial education for middle-aged and older adults.
This agreement aims to leverage lifelong learning to support a stable financial lifestyle for middle-aged and older adults and address the marginalization of those living in the digital financial environment. The two organizations plan to collaborate in a variety of areas, including retirement asset management education, financial fraud and damage prevention education, and key business collaboration and promotion.
The National Institute for Lifelong Education, a comprehensive lifelong education policy agency under the Ministry of Education, was established in 2008 with the goal of supporting lifelong learning and creating a society where learning, work, and life are in harmony. The Senior Financial Education Council promotes educational programs targeting seniors to improve financial literacy and protect vulnerable groups.
Through this agreement, the two organizations plan to support middle-aged and older adults in accessing digital financial services more easily and address educational blind spots by developing and distributing related educational content.
“We expect this agreement to serve as an opportunity to promote financial independence and expand lifelong learning for the older generation,” said Shim Sim-sik, acting president of the Korea Institute for Lifelong Education. “We will leverage the resources of our institutions to build a sustainable cooperative system.”
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